The Salt Lake City Council finalized the adoption of the city's Fiscal Year 2026-27 budget and approved the final property tax rate following a public Truth in Taxation hearing, according to official meeting recaps.
Capital and Housing Discussions
The council's fiscal actions included the approval of $34.88 million for Fiscal Year 2026-27 Capital Improvement Program projects, as reported in a meeting recap from August 25, 2026. During the same session, council members discussed affordable housing and rezoning proposals.
Budget Deliberation Process
The finalized budget follows a series of public hearings and discussions held throughout the spring and summer of 2026. On May 19, 2026, the council hosted the first public hearing for the proposed FY27 budget, which included updates on transportation projects and budget amendments.
Proposed Utility Rate Increases
In addition to capital projects, the city has proposed rate increases for several essential services as part of the fiscal year 2027 budget. Proposed increases affect water, sewer, stormwater, street lighting, and curbside waste services.
Impact on Residents
The proposed utility rate changes are percentage-based and vary depending on usage and account type. These changes were scheduled to take effect in July 2026. The increases apply to Salt Lake City property owners and tenants who are billed for these services.
Service Area Details
The scope of the utility billing includes customers in Millcreek, Cottonwood Heights, Holladay, South Salt Lake, Midvale, Murray, and unincorporated Salt Lake County who receive water utility bills from the Salt Lake City Department of Public Utilities.
Taxation and Finalization
The finalized budget also addresses property tax rates. While the full property tax bill is not determined by the city alone, the Salt Lake City share of the property tax bill was approved as part of the finalized FY27 budget.
Community Development Initiatives
Throughout the budget cycle, the council addressed various community initiatives, including approving Community Reinvestment Agency funding for the Silo Park development on July 14, 2026, and reviewing affordable housing incentives during a session on July 21, 2026.
